KSM/USDT is the trading pair that represents the exchange rate between Kusama (KSM) and Tether (USDT). By trading KSM/USDT on FameEX, you can buy and sell KSM for USDT, and vice versa. Spot trading refers to the exchange of crypto assets at their current market price.
Kusama (KSM) is a blockchain network that was created as a "canary network" for the Polkadot network. It's a scalable, interoperable, and secure platform for building decentralized applications (dApps). KSM serves as the native token on the Kusama network, and is used for staking, governance, and transaction fees.
To buy KSM/USDT on FameEX, you'll need to first create an account and complete the necessary KYC (Know Your Customer) and AML (Anti-Money Laundering) procedures. Once you've done that, you can deposit USDT into your FameEX account and use it to buy KSM at the current market price.
To sell KSM/USDT, you can place a sell order on FameEX at the price you're willing to sell KSM for. If someone is willing to buy KSM at your asking price, the trade will be executed and you'll receive USDT in your account.
Note: It is important to do your own research and carefully consider the risks associated with any investment strategy before investing your funds.